Events listed in [FINRA] Financial Industry Regulatory Authority
Regulatory Notice 23-08
ID 23164
The Financial Industry Regulatory Authority (FINRA) has published a new Regulatory Notice (Regulatory Notice 23-08) addressed at member firms in connection with their obligations when selling or recommending private placements. Specifically, in view of recent developments in the private placement market, FINRA finds it necessary to again highlight its expectations particularly as regards the SEC’s Regulation Best Interest (REG BI) and FINRA Rule 2111 ...
Regulatory Notice 23-09
ID 23163
The Financial Industry Regulatory Authority, FINRA, has launched a high level consultation (Regulatory Notice 23-09) on ways to further improve capital raising possibilities in the U.S. financial market without compromising investor protection and financial market stability. In detail, FINRA seeks feedback from member firms as to the efficiency and adequacy of its current rules and possible modifications to achieve before mentioned objective. Before raising ...
FINRA Publishes 2023 Industry Snapshot
ID 23111
The Financial Industry Regulatory Authority (FINRA) has published its 2023 annual Industry Snapshot covering the business year 2022. Therein, FINRA presents key statistical data on regulated market participants and their activities. This latest edition includes a wide range of aggregate industry data ranging from the size and geographic distribution of the firms FINRA supervises, to the number of individuals operating and licensed in the ...
Regulatory Notice 23-07
ID 23074
Following a corresponding consultation in 2022, the Financial Industry Regulatory Authority, FINRA, has now published on its website its final rule amendment to FINRA Rule 8312 as regards disclosures on BrokerCheck®. BrokerCheck® is FINRA’s online tool to research the background and experience of financial brokers, advisers, and firms that are members of FINRA. Specifically, FINRA is now extending the disclosures made on BrokerCheck® to ...
Information Notice – 4/27/23
ID 23017
The Financial Industry Regulatory Authority, FINRA, has published an Information Notice (Notice 04/27/23) to inform member firms of the availability of a new Options Disclosure Document (ODD). The document was created and updated by the Options Clearing Corporation and contains „general disclosures on the characteristics and risks of trading standardized options“. It thereby covers various issues, including the different types of options available to ...
SR-FINRA-2023-008
ID 22955
On April 25, 2023, the Financial Industry Regulatory Authority, FINRA, published on its website a press release to inform that it has filed with the U.S. Securities and Exchange Commission (SEC) a proposed rule change, SR-FINRA-2023-008, to make revisions to various FINRA rules to permit the holding of hearings before the Office of Hearing Officers (OHO) and the National Adjudicatory Council (NAC) via video ...
SR-FINRA-2023-007
ID 22737
On April 12, 2023, the Financial Industry Regulatory Authority, FINRA, published on its website a press release stating that it has filed with the U.S. Securities and Exchange Commission (SEC) a proposed rule change, SR-FINRA-2023-007, to adopt „Supplementary Material .18 (Remote Inspections Pilot Program) under FINRA Rule 3110 (Supervision)“. Specifically, FINRA seeks to install a Pilot Program that would provide member firms the option, ...
SR-FINRA-2023-006
ID 22565
The Financial Industry Regulatory Authority, FINRA, has published on its website and meanwhile also in the Federal Register proposed amendments to FINRA Rule 3110 as regards supervisory practices with respect to home office „arrangements“. In view of new work models following the COVID-19 pandemic, FINRA finds a revision of its rules pertaining to office locations and inspections to be necessary to further accommodate and ...
Regulatory Notice 23-05
ID 22515
The Financial Industry Regulatory Authority, FINRA, has published a new Regulatory Notice (23-05) in which it specifies the final changes to its „Research Analyst (Series 86/87) Exam Program“. These changes will apply from May 15, 2023 and were previously sent to the Securities and Exchange Commission (SEC) for final approval. To recall, FINRA Rule 1220 requires associated persons providing investment research and those who ...
Regulatory Notice 23-06
ID 22511
The Financial Industry Regulatory Authority (FINRA) has published a new regulatory notice (23-06) addressed at broker-dealers in connection with potential securities fraud involving the transfer of customer security accounts via ACATS (Automated Customer Account Transfer Service). ACATS is an automated system run by the National Securities Clearing Corporation (NSCC) to facilitate „the transfer of customer account assets from one firm to another“. The notice ...